Network – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 09 Sep 2025 20:57:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Network – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Samson Mow Slams Bitcoin Core Devs: Contempt for Users Threatens Network Future https://earlybirdsinvest.com/samson-mow-slams-bitcoin-core-devs-contempt-for-users-threatens-network-future/ https://earlybirdsinvest.com/samson-mow-slams-bitcoin-core-devs-contempt-for-users-threatens-network-future/#respond Tue, 09 Sep 2025 20:57:06 +0000 https://earlybirdsinvest.com/samson-mow-slams-bitcoin-core-devs-contempt-for-users-threatens-network-future/

A dispute has emerged within the Bitcoin community, with Jan3 CEO Samson Mow accusing Bitcoin Core developers of treating users with disdain, and warning that such attitudes could jeopardize the network’s long-term success.

Mow stressed that no project can succeed if its builders look down on the people they are meant to serve.

Mow’s Indictment of Developer Conduct

In a lengthy post published on X, the BTC advocate argued that Bitcoin’s core issue is not merely technical but deeply cultural. He asserted that a toxic attitude among some developers is poisoning the ecosystem.

“You cannot develop software for users that you despise,” Mow stated.

He pointed to specific behaviors to illustrate his claim, alleging that developers have been branding user nodes as “fake,” telling them “they don’t matter,” and even engaging in “DDoSing their nodes and laughing about it.”

The Jan3 executive described this behavior as “appalling” and suggested it stems from a problematic mindset:

“Somehow we’ve ended up with node software developers that have both a god complex and a victim mentality at the same time,” he wrote.

According to him, the only solution to the issue is a return to professionalism and humility. He stated that anyone looking to work on Bitcoin should not make it all about themselves or take out their frustrations on other users.

“If you are really such a talented developer, then how come you are completely incapable of convincing people that your changes are good?” Mow asked, alluding to the ongoing debate surrounding the decision to remove the longstanding 80-byte limit on OP_RETURN outputs, which has seemingly divided the community.

His sentiment found support from others, with developer ‘Uncle Rockstar’ pointing out that it was “easy for developers to fall into the trap of thinking that technical proficiency equals intellectual superiority.”

However, not everyone agrees with this characterization. Earlier, BTCAzores co-founder Antoine Poinsot stated that Bitcoin is money and that protocol developers cannot force anyone to use it one way or the other.  Meanwhile, security expert Jameson Lopp offered a more pragmatic view, suggesting programmers may simply be “building for a different set of users” and that the “free market tends to sort these things out.”

The Technical Catalyst

Initially, the 80-byte OP_RETURN cap was implemented as a “gentle signal” to discourage excessive non-financial data from being embedded on the blockchain. However, some developers now say the limit is obsolete because miners have found ways to bypass it, even though they are complex and inefficient.

According to them, removing it will promote cleaner data storage and uphold network neutrality. Some, like Gregory Sanders, have asserted that “this is not endorsing non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on.”

Still, their justification has failed to placate critics. One of them, Bitcoin Knots maintainer Luke Dashjr, called the removal “utter insanity,” a sentiment also echoed by Mow and others who fear it will lead to network spam and a departure from the blockchain’s main function as peer-to-peer electronic cash. This change has become the battleground for a much larger war over the soul and future direction of the Bitcoin network.

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20,311,173 SHIB Burn Shakes Up Network With Massive Key Index Surge https://earlybirdsinvest.com/20311173-shib-burn-shakes-up-network-with-massive-key-index-surge/ https://earlybirdsinvest.com/20311173-shib-burn-shakes-up-network-with-massive-key-index-surge/#respond Sun, 07 Sep 2025 07:37:22 +0000 https://earlybirdsinvest.com/20311173-shib-burn-shakes-up-network-with-massive-key-index-surge/
  • 20.3 million SHIB dissolved from supply
  • SHIB price crashes following Bitcoin drawdown

The Shiba Inu community continues to gradually diminish the circulating SHIB supply by conducting regular burns. According to fresh data shared by the Shibburn portal, over the past week, a significant portion of these meme coins has been pushed out of circulation for good.

Meanwhile, over the past day, the SHIB price has displayed a mild decline after failing to continue the 1.9% rise on Friday.

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Title news

20.3 million SHIB dissolved from supply

In a recent tweet, the aforementioned blockchain tracker revealed that over the past seven days, the Shiba Inu community has managed to dispose of a substantial meme coin batch as 20,311,173 SHIB were transferred to unspendable blockchain addresses.

This helped to drive the weekly burn rate by 43.66%, while the daily one has gone down by 97.15% due to a very small amount of SHIB burned over the past 24 hours. Since last morning, the community has so far managed to burn 69,808 SHIB.

SHIB price crashes following Bitcoin drawdown

In the meantime, the price of the prominent meme-themed asset, SHIB, has dropped mildly, losing 1.67% today. This price decline was likely triggered by Bitcoin’s drawdown as BTC sharply fell by 2.4% on Friday, losing the $113,250 mark and landing at $110,560. It has been moving in that price range so far. The decline happened in a single mammoth red candle on an hourly chart.

SHIB’s price fall, also marked by a huge red candle, followed a similar rise of 3.83% as the meme coin strove to surpass the $0.00001248 resistance level. At the time of this writing, SHIB is changing hands at $0.00001225.

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Wintermute to SEC: Stop Calling Network Tokens Securities https://earlybirdsinvest.com/wintermute-to-sec-stop-calling-network-tokens-securities/ https://earlybirdsinvest.com/wintermute-to-sec-stop-calling-network-tokens-securities/#respond Sun, 07 Sep 2025 07:26:46 +0000 https://earlybirdsinvest.com/wintermute-to-sec-stop-calling-network-tokens-securities/

Wintermute, a trading firm involved in cryptocurrency markets, has requested that US regulators officially declare that certain blockchain tokens should not be subject to securities laws.

In a letter to the Securities and Exchange Commission (SEC), the company argued that clearer definitions are necessary to prevent confusion regarding the regulation of blockchain tokens.

Wintermute focused specifically on “network tokens”, digital assets that are essential to running decentralized platforms. These tokens help blockchain systems operate by enabling functions such as transaction validation and access to services.

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According to Wintermute, this distinguishes them from financial instruments like stocks or bonds, which are typically the primary focus of securities regulations.

Bitcoin
BTC


$110,396.28

and Ethereum
ETH


$4,281.76

were highlighted as examples of tokens that should clearly not be treated as securities. The company warned that if such tokens were misclassified, even basic trades involving them might require complex regulatory approval. This would likely reduce trading activity in the US and increase costs for participants.

Wintermute also noted that labeling these tokens as securities could push developers and investors to relocate their activities to countries with more favorable regulations.

The company compared these tokens to items like real estate or rare collectibles, which people buy to earn money later, but that are not classified as securities.

According to Wintermute, the main difference is that network tokens are designed to facilitate system functionality, rather than granting ownership or profit rights to individuals.

Recently, a group of international regulators and exchange associations has asked the SEC to take a stance on tokenized stocks. What did they say? Read the full story.


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TRON Selected by U.S. Commerce Department for GDP Data Publication as Network Adoption Surges After 60% Fee Reduction https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/ https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/#respond Wed, 03 Sep 2025 06:47:58 +0000 https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›

September 2, 2025 – Geneva, Switzerland – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), announced today that the U.S. Department of Commerce has selected the TRON blockchain as one of the primary networks for posting official economic data, beginning with the second quarter gross domestic product (GDP) release.

For the first time, a federal agency has published official GDP data to public blockchains, demonstrating how decentralized technology can safeguard transparency and provide global access to critical economic indicators. The Bureau of Economic Analysis (BEA) reported a Q2 2025 GDP growth rate of 3.3 percent on an annualized basis, with the data hash recorded immutably on TRON with the transaction hash: 3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae04040.

TRON’s Role in Securing U.S. Economic Data

The Department of Commerce recorded the SHA256 hash of the official GDP release on TRON, acknowledging the network’s proven ability to deliver scale, speed, efficiency, and global accessibility. Processing over $22 billion in daily settlement and more than 8.8 million daily transactions, TRON has emerged as a trusted layer of infrastructure not only for financial markets but also for the secure publication of government data worldwide.

“Publishing GDP data on chain is a powerful statement about the role TRON now plays as public infrastructure, not only for payments but for safeguarding some of the world’s most important information,” said Justin Sun, Founder of TRON. “This initiative shows how blockchain can advance transparency and trust in ways that strengthen both traditional institutions and decentralized systems. It is only the beginning of how public blockchains like TRON will redefine global access to data and finance.”

Publishing the GDP data hash on TRON highlights the role of decentralized networks in preserving data integrity, strengthening accountability, and ensuring open access for citizens, researchers, and policymakers worldwide. It also reflects the United States government’s commitment to leadership in blockchain innovation and to advancing America’s position as the global hub for digital trust and transparency.

In August 2025, TRON’s community governance approved a 60 percent reduction in energy fees, sharply lowering transaction costs and immediately driving adoption. Within days, TRON surpassed 2.5 million daily active users, overtaking both BNB Chain and Solana in activity, according to DeFiLlama data. The move was designed to preserve accessibility, particularly for stablecoin transfers, where TRON leads globally with more than $79 billion in USDT circulating on the network. 

Through its continued commitment to affordability and accessibility, TRON is establishing the foundation for enduring growth and securing its position as a vital infrastructure for the future of the global digital economy.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $79 billion. As of September 2025, the TRON blockchain has recorded over 329 million in total user accounts, more than 11 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”

TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact
Yeweon Park
[email protected]

Mentioned in this article
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Stellar Lumens Gains 3% Ahead of Network Infrastructure Overhaul https://earlybirdsinvest.com/stellar-lumens-gains-3-ahead-of-network-infrastructure-overhaul/ https://earlybirdsinvest.com/stellar-lumens-gains-3-ahead-of-network-infrastructure-overhaul/#respond Tue, 02 Sep 2025 18:37:56 +0000 https://earlybirdsinvest.com/stellar-lumens-gains-3-ahead-of-network-infrastructure-overhaul/

Stellar Lumens (XLM) extended its recent rally over the past 24 hours, climbing 3% as buyers absorbed heightened selling pressure and pushed the token into fresh resistance levels. Between Sept. 1 at 15:00 UTC and Sept. 2 at 14:00 UTC, XLM advanced from $0.36 to $0.36, with volatility of 5% underscoring active participation.

The asset found support at $0.35 following a brief wave of selling before consolidating in the $0.36 range. Resistance emerged around $0.37, where the market saw two rejection points, though trading volumes above the daily average of 31.2 million tokens signaled sustained institutional interest.

The bullish structure carried into the final hour of the session, when XLM gained 2% from $0.36 to $0.37. The move was bolstered by a volume spike of 2.7 million units at 14:00 UTC, enabling the token to briefly pierce the $0.37 ceiling before stabilizing above $0.36. The breakout reinforced the 24-hour trend and suggested buyers are building a foundation for further upside if volume momentum continues.

At the same time, leading South Korean exchanges Bithumb and Upbit said they will suspend XLM deposits and withdrawals beginning Sept. 3 at 09:00 UTC. The move is part of preparations for Stellar’s Protocol 23 upgrade, which aims to modernize network infrastructure and expand interoperability.

Protocol 23 has been framed as a step toward broadening Stellar’s utility for real-world assets, of which roughly $460 million are already circulating on the network. The synchronization of price gains with network enhancements highlights a growing narrative of enterprise adoption.

CoinDesk Data’s technical analysis model note that the consolidation above $0.36, combined with systematic accumulation around key support levels, points to ongoing institutional positioning that could pave the way for a sustained move beyond $0.37.

XLM/USD (TradingView)

XLM/USD (TradingView)

Market Analysis Reveals Strengthening Corporate Interest
  • Price established fundamental support at $0.35 during heightened selling pressure on September 1, 21:00.
  • Robust accumulation activity developed between $0.36-$0.36 following decisive market recovery.
  • Resistance parameters identified at $0.37-$0.37 where price encountered dual rejection events.
  • Trading volume increases above 24-hour average of 31.20 million validated institutional market participation.
  • Asset maintaining consolidation within ascending price channel formation.
  • Breakout potential above $0.37 resistance dependent upon sustained volume validation.
  • Trading momentum accelerated during 13:35-13:46 session with decisive upward movement.
  • Enhanced support structure established around $0.36-$0.36 price levels.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Bitcoin Network Hashrate Returned to All-Time Highs in August: JPMorgan https://earlybirdsinvest.com/bitcoin-network-hashrate-returned-to-all-time-highs-in-august-jpmorgan/ https://earlybirdsinvest.com/bitcoin-network-hashrate-returned-to-all-time-highs-in-august-jpmorgan/#respond Tue, 02 Sep 2025 15:03:30 +0000 https://earlybirdsinvest.com/bitcoin-network-hashrate-returned-to-all-time-highs-in-august-jpmorgan/

The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH/s) to an average of 949 EH/s, Wall Street bank JPMorgan (JPM) said in a research report Tuesday.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.

The total market cap of the 13 U.S-listed bitcoin miners the bank tracks also hit a record high in August, with high-performance computing (HPC) execution driving the gains.

TeraWulf (WULF) announced a colocation deal with Fluidstack and IREN (IREN) expanded its GPU fleet, the bank noted.

With the hashrate at a record, mining profitability declined from the previous month as the bitcoin price fell.

“We estimate bitcoin miners earned an average of $55,100 per EH/s in daily block reward revenue in August, down 4% from July,” analysts Reginald Smith and Charles Pearce wrote. Daily block reward gross profit also fell, dropping 7% to $31,900 per EH/s, the analysts wrote.

The combined market cap of the 13 U.S.-listed bitcoin miners that JPMorgan analysts track surged 23% from the month previous, or around $7.4 billion.

TeraWulf outperformed with a 83% gain, while Greenidge Generation (GREE) underperformed the group with a 22% decline, the report added.

Read more: Bitcoin’s 7 Day Average Hashrate Hits 1 ZettaHash for First Time

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Google Confirms Google Cloud Universal Ledger Is a Layer-1 Network https://earlybirdsinvest.com/google-confirms-google-cloud-universal-ledger-is-a-layer-1-network/ https://earlybirdsinvest.com/google-confirms-google-cloud-universal-ledger-is-a-layer-1-network/#respond Sun, 31 Aug 2025 09:44:24 +0000 https://earlybirdsinvest.com/google-confirms-google-cloud-universal-ledger-is-a-layer-1-network/

Google Cloud has confirmed that its in-house blockchain project, called the Google Cloud Universal Ledger (GCUL), is a Layer-1 blockchain designed to support digital payments and asset tokenization.

Rich Widmann, Google Cloud’s head of Web3 strategy, described GCUL in a post on LinkedIn as the result of long-term internal research.

He emphasized that the blockchain will allow developers to write smart contracts using Python, which differs from common crypto chains that typically use Solidity or Rust. This makes it more accessible to engineers already familiar with enterprise programming tools.

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Widmann explained that GCUL is an infrastructure layer that can be used by financial institutions seeking a neutral platform.

The announcement comes after CME Group finished the first phase of its integration and testing of the Universal Ledger. At the time, it was unclear whether this system would operate as a public blockchain or what its role would be.

According to Widmann, more technical information about GCUL will be shared in the near future. That could include how the network processes transactions, maintains consensus, and supports applications at scale.

Additionally, he argued that companies like Tether
USDT


$0.9973

or Adyen might be reluctant to rely on networks built by competitors.

Circle, the company behind USDC
USDC


$0.9975

, recently announced plans to roll out its own blockchain called Arc before the end of 2025. What does it do? Read the full story.


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(Live) Today’s Crypto News, August 29th – Ton and Chain Link Bottom Ring, Solana and Pis Crypto Network https://earlybirdsinvest.com/live-todays-crypto-news-august-29th-ton-and-chain-link-bottom-ring-solana-and-pis-crypto-network/ https://earlybirdsinvest.com/live-todays-crypto-news-august-29th-ton-and-chain-link-bottom-ring-solana-and-pis-crypto-network/#respond Fri, 29 Aug 2025 17:56:46 +0000 https://earlybirdsinvest.com/live-todays-crypto-news-august-29th-ton-and-chain-link-bottom-ring-solana-and-pis-crypto-network/

Crypto Markets started today with a big deal when US government data first collided with blockchain. Pyth Network and ChainLink have worked with Commerce Department to push GDP figures up to crypto chains such as Solana and Ethereum. Following on, Pyth Crypto’s price action went wild, but ton and link holder cleaned up the bruises.

Pyth stole the Crypto Show, surgening from 70% of the announcement. Money is flowing as Oracle’s role in real-time data delivery is verified by Uncle Sam. Meanwhile, Solana is still surfing its waves, and its ecosystem metrics are reaching new highs.

Pyth Crypto's price action has gone wild, but Ton and Link Holders have cleaned up the bruises. What do you expect next?

(pyth/usd,source- TradingView))

Meanwhile, Tonn hit the rough waters and was soaked up $2.60 in support during the builder’s Exodus memorial drama. The community is frustrated with impediments in mobility and failed promises. Even with telegram ties, the sentiment is sour and the activity on the chain is flatlined.

Pyth Crypto's price action has gone wild, but Ton and Link Holders have cleaned up the bruises. What do you expect next?

(Tons/USD, Source – TradingView))

Discovered: Top Solanamime Coins to Buy in 2025

ChainLink is currently integrating with replacement products at record lows. People will vent online about supply emissions that are outweighing demand and call on Link Teams for stagnation. However, the new reserve program is quietly buying back revenues. Therefore, there may be a turnaround in the play. The link comes with SBI and Euroclear partnerships, but prices are still behind. On-chain data shows that whales are actively snapping links.

Solana has momentum with a record of 600 million weeks of trading and 81% control of DEX volume. Developers count Blast Paets from 83% to over 7,600 to ensure they don’t forget to submit ETFs from Vaneck and Bitwise. Firedancer Update also has a promise of 100 times the scale, drawing Visa and BlackRock.

Sol TVL has climbed its annual peak with a 107K TPS burst. Memecoin’s hype and tokenized inventory are the reasons for the sol volume bump. PayPal and upcoming Alpenglow will likely drive the Solana for over $250.

Pyth Crypto's price action has gone wild, but Ton and Link Holders have cleaned up the bruises. What do you expect next?

(Sol TVL, Source – defill))

In addition to other players, Pyth has pushed its market capitalization by over $1 billion. This is a large code number that will not be seen since May. US-Pyth has a partnership that provides GDP data across 10 chains, pumping crypto trading volumes up to 70%.

Pyth Crypto has benefited a lot from the Solana ecosystem, especially with unauthorized governance. Pyth has been rewarding stakers with cross-chain crypto airdrops. As Oracles fills in Tradfi and Defi, it could come if explosive adoption of Pyth is underway.

Discover: Best Meme Coin ICO for Investing in 2025

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Helium HNT is ready for meeting: new price analysis reveals why

Akiyama Felix

by Akiyama Felix

Helium HNT Mobile is one of the crypto companies that continues to build. As the team pushes new developments, the base continues to grow in the background. The new talknomics model redirects 100% of HELIUM Mobile’s monthly subscriber revenue to burn HNT Crypto, thus creating shortages and, in theory, increase value.

HNT is burned to create data credits used to pay for all network activity, including data transfer over IoT and 5G networks.

Simply put: More Users -> More Network Activity -> More HNT burns.

As a growing Depin project backed by investors such as Andreessen Horowitz, GV (formerly Google Ventures), Pantera Capital, Deutsche Telecom and Goodyear Ventures (yes, tire companies), Helium Mobile’s HNT will be one of the great performance coins during the upcoming Depin season.

more here.

Forget your mortgage quote: Crypto and Memecoin can change your life

Akiyama Felix

by Akiyama Felix

Crypto Memecoins is rewriting its financial playbook and pulling retailers out of the grief they hear from billionaires about mortgage estimates. Memecoin’s market capitalization reaches $74.5 billion and a daily volume of $6.6 billion, and these tokens are one of the paths to finding financial freedom.

Memecoins like Dogecoin, Shib, and Pepe deliver traditional fund-shattering returns. Especially in the dog-themed category, there’s no way to turn into a billionaire within less than a month, unless it comes from Memocoin.

Crypto Memecoins is rewriting its financial playbook and pulling retailers out of the grief they hear from billionaires about mortgage estimates. how?

(Memocoin Growth, Source – Co Ringecko))

Retailers turn small bets from Mimecoin every year by millions. Last year, Solana Memecoins hype brought hundreds of times more coins. This year, Trump-related tokens reach an all-time high of market capitalization at a fully diluted value of $73 billion. The President showed the raw energy of Memecoin and gave people the opportunity to become billionaires.

Shiba Inu Shib was the top member who printed billionaires in the last Bull Run, making people forget about mortgage estimates.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

The complete story here.

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Akiyama Felix

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Felix Akiyama is a true veteran who comes from the 2018 code class. The former visual effects artist turned his attention to Esmaxy, who loves OnChain Degen and Vitalic. Felix is ​​worth noting that he is one of the few people in the VFX world… Read more

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US Government Sanctions Network Aiding North Korea’s Crypto Heists https://earlybirdsinvest.com/us-government-sanctions-network-aiding-north-koreas-crypto-heists/ https://earlybirdsinvest.com/us-government-sanctions-network-aiding-north-koreas-crypto-heists/#respond Thu, 28 Aug 2025 16:19:19 +0000 https://earlybirdsinvest.com/us-government-sanctions-network-aiding-north-koreas-crypto-heists/

The US government has taken new action against a group accused of helping North Korea steal cryptocurrency from companies in the United States by pretending to be remote tech workers.

On August 27, the Treasury Department named several individuals and organizations from North Korea, Russia, and China who allegedly played a role in this scheme.

The goal of the operation was to place North Korean workers inside foreign businesses, gain access to their systems, and then steal cryptocurrency.

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This network reportedly named several key players in the latest action. Among them are a Russian citizen named Vitaliy Andreyev, a North Korean official operating out of Russia named Kim Ung Sun, a team of North Korean IT workers operating as a company, and a Chinese business that supported their activities.

Together, they helped funnel stolen digital funds out of companies and into North Korea.

According to US officials, these workers posed as freelance or remote tech employees. Once hired, they were able to gain access to sensitive systems. From there, they could take money in the form of cryptocurrency and pass it through a web of helpers.

This latest round of sanctions builds on past operations taken to stop North Korea’s misuse of crypto tools.

In 2023, US authorities imposed penalties on a North Korean group named Chinyong, which was also involved in placing fake IT workers inside foreign businesses. That same group is connected to this new case.

Recently, Interpol arrested more than 1,200 suspects in a major operation called Operation Serengeti 2.0. How did the operation go? Read the full story.


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Elon Musk’s xAI Hit With Lawsuit From Ethereum Gaming Network Xai https://earlybirdsinvest.com/elon-musks-xai-hit-with-lawsuit-from-ethereum-gaming-network-xai/ https://earlybirdsinvest.com/elon-musks-xai-hit-with-lawsuit-from-ethereum-gaming-network-xai/#respond Mon, 25 Aug 2025 09:48:30 +0000 https://earlybirdsinvest.com/elon-musks-xai-hit-with-lawsuit-from-ethereum-gaming-network-xai/

Elon Musk’s artificial intelligence company (AI), xAI, is facing a lawsuit from Ethereum
ETH


$4,588.28

-based gaming network Xai.

The case, filed in the Northern District of California, accuses xAI of trademark infringement and unfair competition.

Xai is run by Ex Populus, a Delaware firm that said it has used the “XAI” mark in US commerce since June 2023. That name appears in its blockchain gaming network, its XAI token, and tools that support gaming logic, digital rewards, AI-driven features, and transaction management.

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According to the filing, confusion started after Musk launched xAI in July 2023. The problem became more serious in November 2024 when Musk announced that his company planned to open a gaming studio.

Xai argued that people mistakenly believed the two ventures were related, with examples including customers, media reports, and even xAI’s chatbot Grok linking them together.

Ex Populus claimed its reputation has been harmed because Musk’s public controversies and criticism of xAI products have led to negative views spilling over onto Xai.

The complaint also accuses Musk’s lawyers of trying to pressure Ex Populus by threatening to challenge its registration. At the same time, the US Patent and Trademark Office has already suspended several of xAI’s trademark applications.

Xai is asking the court to block Musk’s company from using the disputed name in gaming or blockchain-related services, cancel xAI’s pending applications, and award damages.

Meanwhile, Musk recently said that xAI plans to take Apple to court. What happened? Read the full story.


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